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Japan Current Account Surplus

Japan posted a current account surplus for the fifth consecutive month in November as a weaker yen helped boost repatriated returns on foreign investment, official data showed Tuesday, AFP said. Japan logged a surplus of 433.0b yen ($3.7b) in the current account, reversing a deficit of 596.9 billion yen a year earlier, the finance ministry said. The current account is the broadest measure of the country’s trade with the rest of the world, measuring not only trade in goods but also services, tourism and returns on foreign investment. In November, Japan’s deficit in merchandise trade shrank sharply, helped by higher exports and falling oil bills.